Freddie Mac 30 Year Rate Histories
These charts of 30 year mortgage loan rate histories (Freddie Mac rates) were provided by a local lender and are used with permission. It is very interesting to see how low rate really are right now, especially in relation to the past.
If it makes sense for your life goals, the lower price of homes coupled with the low interest rates create a time of opportunity. But, only if it makes sense for your life goals as well. There is financing available for people that have good credit and verifiable income.
These charts were provided courtesy of:
Dolly Davis
Production Manager
Mortgage Consultant
PrimeLending, A PlainsCapital Company
1390 Liberty St S.E.
Salem, OR 97302
Phone: 503-362-0111
Mobile: 503-580-0029
Fax: 877-643-6101
www.dollydavis.com
Home For Sale | 1665 NW 11th Street, Corvallis, OR 97330
Comfortable living, close to everything Corvallis has to offer (Walkscore 85).
Spacious and open floor plan flows from living to dining to kitchen to family. Sunny breakfast nook off kitchen is a great “hang-out” spot and ideal place to soak up the sun. Two steps down (at the same level as the entry) is the family room, large laundry and full bath. Upper level provides 4 large bedrooms with fir flooring under carpet. Master with attached bath and large walk-in closet. Landscaped yard with wide driveway (RV parking). Easy access to 9th Street shopping, neighborhood schools, downtaown and Oregon State University. 4 Bedrooms, 3 baths, ±2391 sq. ft.
Now…this…is home… Comfortable living, close to everything, with a walk-score of 85. The sheltered front door leads to a wide and open entry. Just two steps up and you’re ready to nestle into the spacious yet cozy living room and bask in the warm glow of the gas fireplace. The flowing floor plan leads from the living room to the light and bright, formal dining area and then to the large kitchen. A wonderful space for entertaining and parties. Settle into the adjacent breakfast nook with the morning paper and your coffee or juice and savor the sunlight. Entry, kitchen and breakfast room enjoy warm wood flooring. Two steps down from the kitchen and at the same level as the entry, is the family room, a hub-of-fun, your ideal game, media, hobby or TV room which features built-in sewing cabinet and bookcases. Nearby you’ll find a full bath, with jetted tub and a large laundry/mud room with a door to the backyard. Upstairs are 4 very large bedrooms with fir flooring under carpet, including the master with attached bath with wide shower, Marmoleum® flooring and large, walk-in closet. The second bath includes double vanity, tub/shower combo and Marmoleum® flooring. Outdoors you’ll enjoy extended living many seasons of the year with the covered deck that’s accessible from both the dining room and breakfast nook; it’s the ideal outdoor dining and BBQ spot. Landscaped backyard is easy care with potential for raised bed gardening, rose bed and there’s a garden shed. The wide driveway can easily accommodate an RV, boat, big-wheels, four-square or chalk-art. This home is very close to local schools and you’ll enjoy the wide open expanse that comes with nearby Garfield Park and it’s also very close to Porter Park. Easy access to 9th Street businesses including Market of Choice, Trader Joes, restaurants and retail establishments. 4 Bedrooms, 3 baths, ±2391 sq. ft.
MLS# 650004
For more information or a personal showing, contact Dava
Home for Sale | 1990 Salmon Run SW, Albany, OR 97321
Custom quality home for Sale in the Spring Meadow Subdivision
This is the only one like it in the Spring Meadow subdivision of Albany, Oregon. Custom quality home in impeccable condition, features a hardwood entry, vaulted ceilings, main level master, beautiful stainless and cherry kitchen with island and specialty cabinet features. The living room has a gas fireplace. Master features double vanity, separate shower and soaking tub. Comfortable all year long with gas forced air heat and central air conditioning, electric powered Sunsetter awning. Landscaped with sprinklers, concrete walk-way entire perimeter of house and a fenced backyard with wide side-yard. Oversize 2-car garage. 3 bedrooms, 2.5 baths, ±2186 sq. ft.
Not another like it. This home is the only one of this floor plan in the Spring Meadow subdivision. 3 bedrooms, 2.5 baths, great room style living/dining area, breakfast nook and laundry room.
- Dramatic entry with Brazilian Cherry flooring and soaring vaulted ceilings.
- Large living area with gas fireplace features vaulted ceiling and space that flows to kitchen and dining
- Kitchen has
- center island
- cherry cabinets with specialty cabinets features like pull out drawers and lazy-Susan
- stainless steel appliances
- Main level master is large enough to accommodate large furniture pieces and features a walk-in closet
- The attached bath has:
- double vanities
- a separate shower
- garden tub
- Upstairs find:
- large additional bedrooms
- a full bath
- and an alcove at the top of the stairs that can accommodate your computer, reading nook or display cabinets
- Outside delight in the landscaped yard with:
- easy care with walk-ways that circle the whole house
- a fenced backyard
- large side yard and generous amounts of patio space.
- Create your own shade with the electric awning patio cover
- Extra wide side yard is ideal for extra patio space, possible hot tub area, container gardening small RV
- Comfortable all year long with gas forced air heat and central air conditioning
- Oversize 2-car garage
- Corner lot provides additional privacy to this beautiful yard
- Great location near LBCC and major corridors makes your work, play and shopping commute a breeze
MLS# 649394
For more information or a personal tour contact Dava
Related Links:
Search for Albany Homes
City of Albany Web Site
Albany Oregon Chamber of Commerce
Albany, Oregon School District
SOLD! HOME FOR SALE– 1185 NW Country Hills Drive, Corvallis, Oregon
SOLD!
HOME FOR SALE–1185 NW Country Hills Drive, Corvallis, Oregon
Spacious single level home in private 1.1 acre woodland setting. Located in the Country Hills Estates subdivsion with easy access to downtown Corvallis and NW Corvallis. Living areas are incredibly large and open with plenty of space to entertain or relax. Formal dining room features charming french doors to separate kitchen and family room. Bonus area off dining room and living room creates a wonderful reading or office area. Kitchen has new granite counter-tops, sink and faucet. Huge master features a wall of closets, attached bath and a bonus room that works well for many uses. Very large garage provides plenty of space for cars and storage. 3 Bedrooms, 2 baths and approx. 2724 sq. ft.
Search for more homes for sale in Corvallis here.
SOLD! HOME FOR SALE– 728 NW 32nd Street, Corvallis, Oregon
SOLD!
HOME FOR SALE– 728 NW 32nd Street, Corvallis, Oregon
Charming home with many vintage touches and great updates as well, including coved ceilings, original tile surround on fireplace, wood floors (fir in living area, oak in kitchen), updated insulated windows, spacious kitchen, newer roof, 95% eff. furnace, water heater, interior paint and front deck. Large fenced backyard with garden beds and plenty of space for pets. Detached garage. Great location, just a few minutes from Oregon State University (OSU) and less than half a mile from Co-op and Sam’s Station.
- Single level
- 2 bedrooms
- Approx 1075 sq. ft.
- Seperate dining room
- Large kitchen with gas range
- Wood floors (fir in living areas, oak in kitchen)
- Coved ceilings
- Newer insulated windows
- Recently replaced roof
- Newer front deck
- Newer electric water heater
- Newer gas forced air furnace
- Large fenced backyard with garden space
- Detached 1 car garage
- Year built 1949
- MLS# 643336
Search for more homes for sale in Corvallis here.
SOLD! HOME FOR SALE – 9066 NW Lessie Place, Corvallis, Oregon
SOLD!
HOME FOR SALE – 9066 NW Lessie Place, Corvallis, Oregon – Pacific Northwest Dream Home on 1.34 acres
Beautiful in every way, open, light and airy floor plan invites the sunshine in. Gourmet kitchen is the hub of the home and features top of the line stainless steel appliances, granite counter-tops, island, breakfast bar, and walk-in pantry. Main level bedroom/office and full bath, to-die-for master suite with huge walk in closet and attached bath is a half flight up. 3 bedrooms and a full bath are clustered together just a half flight down from the main. Spacious family room is just a few more steps down. Outdoor living includes spacious decks at every level with steps down into the large grassy yard. Setting is private and sunny, bordered with trees to enhance privacy and you’ll love the sound of the nearby creek. 3 car attached garage and room for RV or shop. 5 bedrooms, 3 baths, approximately 3352 sq. ft., 1.34 acres.
Enjoy living close to Corvallis’ McDonald-Dunn Forest, managed by Oregon State University’s College Of Forestry. Within McDonald-Dunn Forest you can spend some time exploring Peavy Arboretum. Hike trails to Cronemiller Lake, picnic at the Firefighter Memorial Shelter, and learn about the native plant species that inhabit the arboretum. Located in a desirable area in northwest Corvallis on a cul-de-sac, this 5 bedroom, 3 bath home was built in 2007 and has territorial and wooded views, an ideal private setting that is open and light. Convenient to all that Corvallis has to offer, with easy access to shopping, Good Samaritan Hospital and the Corvallis Clinic medical facilities, local schools and parks, and downtown Corvallis.
Make your home here in the great-room style living room. Large windows, vaulted ceiling, and skylights maximize views and natural light creating an atmosphere that’s warm and inviting as well as spacious and open. A nice combination of hickory hardwood flooring and carpet define spaces and provides additional warmth. Gas fireplace with stone surround, keeps it warm and cozy.
Let your inner chef reveal itself in this gourmet kitchen. Open to dining room with breakfast bar, island, walk-in pantry with glass door and sensor light, granite counter-tops and tile back splash with decorative accents, custom Beech cabinetry with an antique glazed finish, and top-of-the-line stainless steel appliances; Viking professional grade side-by-side refrigerator, Jenn-Air microwave, Electrolux electric convection double wall oven, Thermador warming drawer, Electrolux 6-burner gas cook-top, and Electrolux dishwasher.
Host your parties at home, this floor plan flows. Ideal for entertaining with the dining room open to both the living room and kitchen. Dining room has large windows, vaulted ceiling, and access to the covered decks and backyard.
A spacious bedroom/office (an excellent choice for guests), full bath, laundry mudroom combination and direct access to the house from the garage complete the main level floor plan.
Find your moment of relaxation. Leave the world behind…Spacious master suite has large windows to maximize views and natural light, serene master bath, and a walk-in closet that can easily hold enough for all four seasons. Enjoy a nice hot bath after a hard day’s work in the soaking tub, complete with wooded views. Master bath also has large step-in shower, dual sink vanity with granite counter-tops, ceramic tile flooring, and access to both the master bedroom and walk-in closet.
Take some time for you in a place you can call your own. Basement family room is an ideal place for fun for people of all ages. Spacious with large windows and storage alcove, the possibilities are endless; craft area, playroom, home office, man cave, teenager’s hideaway, adult lounge, home gym, or YOUR dream space. Access to large covered deck allows you to maximize the space in which you live.
A place where your backyard dreams can come true. Located on 1.34 acres, this home has manicured landscaping in the front, fire ring, stone retaining walls, and large expanse of lawn in the back, surrounded by your own personal forest. Enjoy the natural music of the nearby creek from areas both inside and out. Plenty of room for play, gardening of any kind, specialty landscaping, and more.
Search for more homes for sale in Corvallis here.
Five things I’m looking forward to in 2010 | Changes that will Affect the Corvallis Real Estate Market
Five things I’m looking forward to in 2010 and Change in the Corvallis Real Estate Market
As 2009 comes to a close, it will be nice to put a cap on it and move onto a better 2010. I, for one, am looking forward to some positives in the economy and the Corvallis real estate market. Recent economic activity would lead one to believe that the country is coming out of an extremely difficult economic period — some say the longest recession in decades.
What I think we’ll see in the coming new year:
1. Slightly higher, but still very appealing interest rate environment, at least for the first half of the year. Not the really extra-ordinary rates hovering at five or slightly under, but more like the low sixes, which historically (and if you can remember the early 1980s really very much better than seventeen percent or higher.)
2. Buyers, both first time and move (up,over,down) buyers taking advantage of tax incentives (written contract must be in place by 4/30/2010; closing by 6/30/2010)
3. Locally good levels of inventory without the impact of extreme high levels of foreclosed properties. Basically, a more balanced market. Making it a better market for everyone. As the markets that tend to feed Corvallis and the mid-Willamette Valley continue their recovery they will provide a little “stimulus” to our economy.
4. Better employment rates as the economy crawls out of the recession hole. Employment is the one factor that will really change the course of the current economy.
5. Along with higher interest rates, may come a more relaxed, perhaps I should say, sound, approach to underwriting. Not the take a pulse, give a loan attitude that helped create the mess, but realistic and reasonable, as banks re-enter the mortgage business and become less fearful of risk.
All in all, no matter what the economy does, how the real estate industry deals with ups and down, we are all just and we will continue to adjust and do what we need to do to live our lives the best way we can.
Wishing you all a happy, healthy and prosperous 2010.
Related posts:
Questions and Answers about the Expanded/Extended HomebuyerTax Credit
Homebuyer Tax Credit De-Mystified
Richard Smith CEO of Realogy on CNBC about the Tax Credit
How Would You Spend Your Tax Credit?
How Would You Spend Your Tax Credit?
COLDWELL BANKER REAL ESTATE STUDY FINDS CONSUMERS’ ANTICIPATED ‘SMART SPENDING’ OF HOMEBUYER TAX CREDIT WILL AID ECONOMIC RECOVERY
83 Percent of Current Homeowners Surveyed Say They Would Spend Tax Credit on Repaying Existing Debts, Home Improvements, Savings/Investments and Household Expenses
Coldwell Banker Real Estate LLC today announced the findings from a new survey that looked at how the recently expanded federal homebuyer tax credit, which opened up the credit to existing homeowners, might impact the economy. Of the more than 1,000 homeowners surveyed, 83 percent responded that if they were to purchase a home and qualify for the tax credit, they would engage in “smart spending” or put the money toward paying off existing debts, home improvements, savings/investments, or everyday household expenses. Only 6 percent of respondents indicated that they would spend the money on what are commonly referred to as luxury items such as a vacation or a shopping spree.
According to the survey, the top way homeowners would spend their $6,500 tax credit in a “smart” way would be to pay off debts (34 percent), followed closely by making home improvements (29 percent) and putting it into savings and investments (28 percent).
In addition, Coldwell Banker Real Estate found that 20 percent of homeowners indicated they were more likely to consider purchasing a home than they were six months ago, after learning about the $6,500 federal tax credit. The tax credit, which previously only was for first-time homebuyers, is now available to existing homeowners who sign a binding contract before April 30, 2010 and close on the purchase of a home before June 30, 2010. To learn more about the details of the expanded homebuyer tax credit, go to www.coldwellbanker.com
If you’re considering purchasing a home in Corvallis, Albany, Lebanon or Philomath (and surrounding areas of the mid-Willamette Valley); I’d like to help you meet your goals. I work with buyers and sellers at all price levels. Please get in touch and we can get started today.
Other resources for information about the tax credit:
National Association of Realtors frequently asked questions about the tax credit
I.R.S. information abut the tax credit
Expanded and Extended Tax Credit Information–From the Expert
Questions and Answers from the Expert about the Expanded and Extended Tax Credit
Sellers and Buyers in and around the Corvallis and Albany, Oregon real estate markets can benefit from a clear understanding of the opportunities the Expanded/Extended Home Buyer Tax Credit provides.
An excellent source for answers to questions you may have about the expanded and extended tax credit for First Time Home Buyers and Long Time Home Owners that are thinking of making a change can be found at the Q & A page for the I.R.S. The ultimate resource for information about taxes, tax credits and all other information that relates to the Expanded and Extended Tax Credit for buying a home.
It is possible to have parent (or other family members) assist in the purchase and still be eligible for credits.
If you are currently a homeowner and meet the other requirements, you do not have to sell your existing home (you could rent it out), but you do have to occupy the newly acquired home and meet all the other requirements.
You do not have to “buy up” or, in other words pay more for the new house.
Read the Questions and Answers about the tax credit for Home Buyers. This is truly a limited time opportunity.
I.R.S. Information about the Expanded and Extended Tax Credit
As always, seek the advice of a qualified tax advisor if you have questions about tax laws and how they pertain to personal circumstances.
Richard Smith Comments on Homebuyer Tax Credit Expansion/Extension
Richard Smith checks in with CNBC regarding the current condition of the real estate market, projections about the economy and mortgage interest rates, the condition of FHA (Federal Housing Administration). A very insightful and calm discussion about the anticipated response to the tax credit extension/expansion.
Richard Smith is CEO of Realogy (parent to Coldwell Banker Corporation and others) and the world’s largest brokerage operator.
Equal Housing Opportunity. Each Office Is Independently Owned and Operated.